Crude oil futures were rangebound in mid-morning trade in Asia June 24 as the market awaits fresh drivers. At 09:43 am Singapore time (0143 GMT), ICE Brent August crude futures Continue Reading
l slipped from a three-month high before a U.S. government report expected to show another increase in inventories, signaling the market still has its work cut out to clear a Continue Reading
Oil futures were mixed on Wednesday as concerns about oversupply in the market, stoked by an rise in U.S. crude inventories, were offset by a drop in gasoline stocks that Continue Reading
Crude oil futures were steady to marginally lower in mid-morning trade in Asia June 23 following an overnight rally, as demand uncertainty continues amid concerns of a second wave of Continue Reading
Oil prices were volatile on Tuesday after markets were spooked by surprise comments from White House trade adviser Peter Navarro saying a hard-won U.S-China trade deal was “over”, though he Continue Reading
Crude futures edged higher June 22 as the market weighed a tightening global supply picture against uncertain demand outlooks amid a spike in COVID-19 cases around the world. NYMEX July Continue Reading
There is plenty of bullish sentiment in oil markets despite fears of a second wave of COVID-19 cases and under compliance from some OPEC+ members. The second half of 2020 Continue Reading
Bank of America has increased its average WTI crude price forecast by $7.70, adding to a trend of increasingly bullish forecasts. The forecast was altered due to stronger-than-expected demand recovery, Continue Reading
Oil prices are set to fluctuate around the $40 mark for the foreseeable future as there is too much downside risk for them to move much higher All eyes should Continue Reading
Oil held near $42 a barrel in London as investors weighed signs of rebounding demand against a resurgence in new coronavirus cases. A rise in coronavirus cases in Germany and the recent jump Continue Reading
